First American Trust FSB Boosts Stock Position in Aptiv PLC (NYSE:APTV)

First American Trust FSB raised its stake in shares of Aptiv PLC (NYSE:APTV) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 50,213 shares of the auto parts company’s stock after buying an additional 665 shares during the quarter. First American Trust FSB’s holdings in Aptiv were worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. increased its holdings in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Aptiv during the 4th quarter valued at about $37,000. Brooklyn Investment Group bought a new stake in Aptiv during the 3rd quarter valued at about $43,000. CENTRAL TRUST Co raised its holdings in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Aptiv in the third quarter worth approximately $64,000. 94.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Aptiv Stock Up 2.2 %

APTV stock opened at $63.83 on Tuesday. The business’s 50-day moving average price is $63.88 and its 200-day moving average price is $63.10. The stock has a market cap of $14.65 billion, a P/E ratio of 9.28, a PEG ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APTV. Evercore ISI reduced their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Barclays lifted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Oppenheimer increased their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Guggenheim reissued a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.